July 2024 Durable Goods Report
Monday, July 1, 2024
Durable Goods printed at 293,234, a +4.31% move from the prior reading of 281,128.
What to Watch For
- •Headline durable goods orders (volatile)
- •Core orders ex-defense, ex-transportation (capex signal)
- •Shipments trend (current output)
- •Unfilled orders backlog
- •Revisions to prior month
Expected Market Reaction
Strong core orders: cyclicals up, rates up (growth signal). Weak core orders: defensives outperform, rates down. Headline swings on Boeing orders are typically ignored by markets.
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